On June 10, Sunland Company purchased $7,150 of merchandise on account from Grouper Company, FOB shipping point, terms 1/10, 1/30. Sunland pays the freight costs of $420 on June 11. Damaged goods totaling $350 are returned to Grouper for credit on June 12. The fair value of these goods is $75. On June 19, Sunland pays Grouper Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Sunland Company. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepare separate entries for each transaction for Grouper Company. The merchandise purchased by Sunland on June 10 had cost Grouper $4,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned)